Group 1 - The core viewpoint of the news highlights the significant increase in the stock price of Zhong An Holdings Group, which rose by 57.32% to HKD 0.129 per share, with a trading volume of 1.81 million shares and a turnover of HKD 194,600 [1] - Over the past month, Zhong An Holdings Group has experienced a cumulative decline of 11.83%, while year-to-date, it has seen a cumulative increase of 2.5%, underperforming the Hang Seng Index, which has risen by 20.65% [2] - Financial data indicates that as of December 31, 2024, Zhong An Holdings Group achieved total revenue of HKD 270 million, a year-on-year decrease of 17.56%, while the net profit attributable to shareholders was HKD 17.4755 million, reflecting a year-on-year increase of 78.19% [2] Group 2 - The gross profit margin for Zhong An Holdings Group stands at 8.15%, with a debt-to-asset ratio of 25.1% [2] - Currently, there are no institutional investment ratings for Zhong An Holdings Group [2] - In terms of industry valuation, the average price-to-earnings (P/E) ratio for the support services industry (TTM) is 3.46 times, with a median of 3.29 times. Zhong An Holdings Group's P/E ratio is 2.61 times, ranking fifth in the industry [2]

Financial Performance - The company's revenue decreased from approximately SGD 61.5 million for the year ended December 31, 2023, to approximately SGD 50.7 million for the year ended December 31, 2024, representing a decline of about 17.6%[10]. - Gross profit fell from approximately SGD 5.0 million to approximately SGD 4.1 million, maintaining a gross margin of about 8.1%[10]. - The company recorded an annual profit of approximately SGD 3.3 million for the year ended December 31, 2024, compared to approximately SGD 1.8 million for the previous year, primarily due to government subsidies received[11]. - Revenue from human resource outsourcing services decreased by approximately 18.2% to about SGD 49.8 million for the year ending December 31, 2024, down from SGD 60.9 million for the year ending December 31, 2023[17]. - Revenue from human resource recruitment services increased by approximately 33.3% to about SGD 0.8 million for the year ending December 31, 2024, up from SGD 0.6 million for the year ending December 31, 2023[18]. - Other human resource support services revenue rose by approximately 36.7% to about SGD 123,000 for the year ending December 31, 2024, compared to SGD 90,000 for the year ending December 31, 2023[19]. - Other income increased by approximately 67.6% to about SGD 5.7 million for the year ending December 31, 2024, up from SGD 3.4 million for the year ending December 31, 2023[22]. - Profit for the year ending December 31, 2024, was approximately SGD 3.3 million, an increase of about 83.3% from SGD 1.8 million for the year ending December 31, 2023[25]. Operational Challenges - The business environment remains challenging with a weak employment market in Singapore, driven by cautious hiring trends and rapid technological changes[14]. - The company is facing intense competition and evolving regulatory requirements, which complicate the operational landscape[14]. - The company aims to drive revenue growth while maintaining cost efficiency and continuously refining its business strategy[14]. Workforce and Employee Management - The group had 38 full-time employees as of December 31, 2024, compared to 45 employees as of December 31, 2023, indicating a reduction of approximately 15.6%[33]. - As of December 31, 2024, the total employee cost, including director remuneration, was approximately SGD 50.7 million, down from SGD 60.8 million for the year ended December 31, 2023, reflecting a decrease of about 17.4%[33]. - The employee turnover rate for females was 36.67% and for males was 73.33% during the reporting period[82]. - The company recorded a total of 4 injury cases in 2024, a decrease from 6 cases in 2023[84]. - The company provided 100% internal training for female employees in 2024, compared to 69.23% in 2023[87]. - The percentage of management employees receiving external training increased from 69.23% in 2023 to 85.71% in 2024[87]. - Average internal training hours per employee decreased from 95.23 hours in 2023 to 0.74 hours in 2024, while external training hours increased from 17.47 hours to 19.87 hours[88]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to environmental, social, and governance (ESG) principles, recognizing their importance in creating value for stakeholders[44]. - The company aims to reduce indirect carbon emissions by 1-2% in the upcoming year, following a decrease in emissions from 13.83 tons in 2023 to 9.76 tons in 2024, representing a reduction of 29.43%[53]. - Electricity consumption decreased from 30,764 kWh in 2023 to 22,245 kWh in 2024, marking a reduction of 27.69%[56]. - The company has implemented energy-saving measures, including the use of energy-efficient equipment and encouraging employees to use public transport, resulting in a 26.37% reduction in electricity consumption in Singapore[56]. - The company has not received any violations or fines related to air, water, or waste pollution during the reporting periods[54]. - The company continues to invest in green initiatives to enhance environmental awareness among employees and business partners[50]. Corporate Governance - The company has adopted and complied with the corporate governance code as per GEM listing rules, with a commitment to enhancing shareholder value[100]. - The board of directors consists of five members, including one female director, achieving a gender diversity representation of 20%[113]. - The company has implemented a board diversity policy, focusing on various measurable objectives, including gender, age, and professional experience[113]. - The audit committee, established on June 21, 2017, consists of three independent non-executive directors and is responsible for reviewing financial statements and internal control procedures[119]. - The company has established a corporate governance policy that includes the appointment and re-election of directors, with a minimum term of one year for newly appointed directors[127]. Shareholder Communication - The company has adopted a shareholder communication policy to ensure equal and timely access to information[148]. - Shareholders are informed primarily through financial reports and annual general meetings[149]. - The company evaluates the effectiveness of its shareholder communication measures and considers them effective[150]. Business Development and Strategy - The company is expanding its service offerings to include payroll outsourcing, compliance support, and employer of record services to generate new revenue streams[11]. - The company aims to strengthen its position in the Singapore human resources industry while expanding its business in the Hong Kong market[46]. - The company has a strategic focus on regional business expansion, particularly in China and Vietnam[163]. - The company has been actively expanding its product offerings and competitive advantages through innovative solutions[162].

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was SGD 50,723,000, a decrease of 17.5% from SGD 61,528,000 in the previous year[5] - Gross profit for the same period was SGD 4,135,000, down 18.1% from SGD 5,047,000 year-on-year[5] - Operating profit increased to SGD 4,017,000, compared to SGD 2,251,000 in the previous year, representing an increase of 78.5%[5] - The net profit for the year was SGD 3,284,000, which is a 78.2% increase from SGD 1,843,000 in the previous year[5] - Basic and diluted earnings per share rose to 0.55 Singapore cents, up from 0.31 Singapore cents, marking a 77.4% increase[5] - The group's revenue from human resource outsourcing services decreased to SGD 49,788,000 in 2024 from SGD 60,851,000 in 2023, representing a decline of approximately 18.2%[14] - Total revenue and other income for 2024 was SGD 50,723,000, down from SGD 61,528,000 in 2023, indicating a decrease of about 17.5%[14] - The group's pre-tax profit for 2024 was SGD 3,982,000, compared to SGD 2,229,000 in 2023, reflecting an increase of approximately 78.7%[19] - The group reported a significant increase in government grants, rising to SGD 5,319,000 in 2024 from SGD 3,244,000 in 2023, which is an increase of about 63.9%[16] - Employee costs decreased to SGD 50,709,000 in 2024 from SGD 60,777,000 in 2023, a reduction of approximately 16.5%[17] - Interest income increased to SGD 133,000 in 2024 from SGD 66,000 in 2023, marking a growth of about 101.5%[16] - The company's annual profit attributable to owners increased to SGD 3,284,000 in 2024 from SGD 1,843,000 in 2023, representing a growth of approximately 78.2%[21] - The overall revenue of the company decreased by approximately SGD 10.8 million or 17.6% to about SGD 50.7 million for the fiscal year ending December 31, 2024[36] - Revenue from human resource recruitment services increased by approximately SGD 0.2 million or 33.3% to about SGD 0.8 million, primarily driven by new clients in the startup and financial services sectors[38] - Other human resource support services generated revenue of approximately SGD 123,000, an increase of about SGD 33,000 or 36.7%, mainly due to increased income from payroll processing services[39] - The company's gross profit slightly decreased by approximately SGD 0.9 million to about SGD 4.1 million, with a stable gross margin of 8.1%[41] - Other income rose by approximately SGD 2.3 million or 67.6% to about SGD 5.7 million, mainly due to government subsidies recognized under the Progressive Wage Credit Scheme[42] - The company reported a profit of approximately SGD 3.3 million for the fiscal year ending December 31, 2024, an increase of about SGD 1.5 million or 83.3% compared to the previous year[45] Assets and Liabilities - Total assets as of December 31, 2024, were SGD 30,656,000, an increase from SGD 27,267,000 in the previous year[6] - The company's net asset value increased to SGD 23,506,000 from SGD 20,219,000, reflecting a growth of 16.9%[6] - Trade receivables decreased to SGD 6,410,000 from SGD 8,590,000, a decline of 25.4%[6] - Cash and cash equivalents increased significantly to SGD 20,071,000 from SGD 15,059,000, representing a growth of 33.3%[6] - Contract assets rose significantly to SGD 4,045,000 in 2024 from SGD 2,183,000 in 2023, marking an increase of approximately 85.2%[25] - The company reported a total of SGD 1,715,000 in other payables and accrued expenses in 2024, down from SGD 1,804,000 in 2023, a decrease of about 4.9%[26] - The total remuneration for key management personnel increased to SGD 1,478,000 in 2024 from SGD 1,136,000 in 2023, reflecting a rise of approximately 30.2%[31] - The company recorded a contract liability of SGD 33,000 in 2024, up from SGD 11,000 in 2023, indicating an increase of approximately 200%[28] - The group had approximately SGD 6,349,000 in unutilized tax losses available to offset future profits as of the reporting date[20] Shareholder Information - As of December 31, 2024, the company had issued 600,000,000 ordinary shares, unchanged from the previous year[32] - The average number of ordinary shares for basic earnings per share calculation remained constant at 600,000,000 shares for both years[21] - The company did not recommend the payment of a final dividend for the years ended December 31, 2024, and December 31, 2023[33] - The group did not recommend a final dividend for the year ended December 31, 2024, consistent with the previous year[59] - Omnipartners Holdings Limited holds 288 million shares, representing 48.00% of the company's issued share capital as of December 31, 2024[68] - The company's major shareholders, including directors, do not have any competing business interests that could conflict with the company's operations as of December 31, 2024[72] - The company has taken measures to manage conflicts of interest arising from competitive businesses and to protect shareholder interests[72] - The share option scheme allows for the issuance of up to 60 million shares, which accounts for 10% of the issued shares[70] - The company has confirmed compliance with non-competition agreements by its major shareholders as of December 31, 2024[73] Corporate Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2024, ensuring compliance with applicable accounting standards and GEM listing rules[78] - The company has adopted a code of conduct for directors' securities trading, which is not less stringent than the GEM listing rules[75] - The company believes that the current arrangement of having the same individual serve as both Chairman and CEO does not compromise the balance of power and authority[74] - The company has complied with the corporate governance code, except for the provision regarding the separation of the roles of Chairman and CEO[74] - The audit committee has engaged an external independent consulting firm to provide internal audit functions, including corporate risk assessment and review of internal control systems[78] - The audit committee has been established since June 21, 2017, with a defined scope of responsibilities[77] - The company will continue to review the separation of the roles of Chairman and CEO at an appropriate time based on the overall situation[74] - The company has not identified any non-compliance with the trading rules for directors for the year ending December 31, 2024[75] Future Outlook and Investments - The group expects that the adoption of new and revised international financial reporting standards will not have a significant impact on its consolidated financial statements upon first application[10] - The group has not reported separate financial information for its operating segments as it has integrated resources and does not operate independent segments[11] - The group has no plans for significant investments or capital assets beyond those disclosed in the prospectus and annual performance announcement[60] - The company is currently evaluating whether to further invest in upgrading its IT systems and may allocate additional resources if necessary[65] - Approximately HKD 4.5 million has been allocated to improve the company's IT systems and acquire computer hardware to support business operations and remote work policies as of December 31, 2024[65] - The company has delayed the use of remaining net proceeds due to the impact of the Omicron variant on the business environment, which has affected the original timeline for utilizing the proceeds as disclosed in the prospectus[65] - As of December 31, 2024, approximately HKD 13.8 million has been utilized to expand the company's human resources outsourcing and recruitment services in the ICT, retail, and catering sectors in Singapore[65] Compliance and Regulatory Matters - The group had no significant contingent liabilities as of December 31, 2024, consistent with the previous year[51] - The group has complied with all applicable laws and regulations governing its business operations as of December 31, 2024[56] - The company has not purchased, sold, or redeemed any of its listed securities for the year ending December 31, 2024[76] - There were no significant events occurring after December 31, 2024, up to the date of this announcement[34] - The group reported a fair value of SGD 2,399,000 for other financial assets as of December 31, 2024, compared to an investment cost of SGD 2,600,000[54] - The group recorded unrealized foreign exchange gains of approximately SGD 3,000 as of December 31, 2024, down from SGD 18,000 in the previous year, due to the appreciation of the Hong Kong dollar against the Singapore dollar[57] - No significant acquisitions or disposals of subsidiaries or associates occurred during the year ended December 31, 2024[55]

Financial Performance - Revenue for the six months ended June 30, 2024, was SGD 25,699,000, a decrease of 18% compared to SGD 31,546,000 for the same period in 2023[4] - Gross profit for the same period was SGD 2,110,000, down from SGD 2,555,000, reflecting a gross margin decrease[4] - Net profit for the period was SGD 1,654,000, compared to SGD 1,849,000 in the previous year, representing a decline of approximately 10.6%[5] - Basic and diluted earnings per share for the six months ended June 30, 2024, were SGD 0.28, down from SGD 0.31 in 2023[5] - Total comprehensive income for the period was SGD 1,648,000, compared to SGD 1,836,000 in the same period last year[5] - The company reported a decrease in profit before tax to SGD 2,020,000 for the six months ended June 30, 2024, down 5.03% from SGD 2,127,000 in 2023[10] - Profit for the six months ended June 30, 2024, was approximately SGD 1.6 million, a decrease of about SGD 0.2 million or 11.1% compared to SGD 1.8 million for the same period in 2023[49] Revenue Breakdown - For the six months ended June 30, 2024, total revenue from human resource outsourcing services was SGD 25,144,000, a decrease of 19.5% from SGD 31,289,000 in the same period of 2023[20] - Revenue from human resource recruitment services increased to SGD 498,000, up 131.5% from SGD 216,000 in the previous year[20] - Revenue from major clients accounted for over 10% of total revenue, with Client B contributing SGD 4,149,000 and Client C contributing SGD 2,610,000 for the six months ended June 30, 2024[19] - Revenue from human resource outsourcing services decreased by approximately SGD 6.1 million to about SGD 25.1 million, primarily due to a reduction in work orders from Singapore government agencies and private sector clients[43] Cash Flow and Liquidity - The net cash generated from operating activities for the six months ended June 30, 2024, was SGD 2,950,000, representing a significant increase of 116.67% compared to SGD 1,366,000 in 2023[10] - The total cash and cash equivalents at the end of the period increased to SGD 17,862,000, up from SGD 13,346,000 in the previous year, marking a growth of 33.06%[11] - The company had cash and bank balances of approximately SGD 18.6 million as of June 30, 2024, up from SGD 15.8 million as of December 31, 2023[52] - The current ratio as of June 30, 2024, was approximately 4.4 times, compared to 3.6 times as of December 31, 2023[52] - Current liabilities decreased to SGD 6,293,000 from SGD 7,494,000, indicating improved liquidity[6] Assets and Liabilities - Non-current assets decreased to SGD 801,000 from SGD 1,060,000 as of December 31, 2023[6] - Trade receivables as of June 30, 2024, were SGD 6,392,000, down from SGD 8,590,000 at the end of 2023[6] - The aging analysis of trade receivables shows that overdue amounts less than 30 days decreased significantly from SGD 2,060,000 to SGD 143,000, a decline of approximately 93%[32] - The company reported a decrease in total other payables and accrued expenses from SGD 1,804,000 to SGD 1,528,000, a reduction of approximately 15.3%[36] - The company’s debt-to-equity ratio was 3.5% as of June 30, 2024, down from 4.9% as of December 31, 2023[51] Government Grants and Other Income - Government grants received amounted to SGD 2,618,000, an increase of 5.2% from SGD 2,490,000 in the previous year[22] - Other income increased by approximately SGD 0.1 million to about SGD 2.7 million, mainly due to the recognition of government subsidies, including SGD 2.5 million under the progressive wage subsidy scheme[45] Shareholder Information - The total shares held by Mr. Zhou Zhijian amounted to 288,000,000, representing 48.00% of the company's issued share capital[67] - Ms. Xiong Yuehan holds 289,735,000 shares, which is 48.29% of the company's issued share capital[67] - Mr. Lin Daoji increased his holdings to 3,600,000 shares as of June 30, 2024, after purchasing 1,060,000 shares during the reporting period[69] Corporate Governance - The company has adopted a corporate governance code in compliance with GEM listing rules, although the roles of Chairman and CEO are held by the same individual[77] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024, ensuring compliance with applicable accounting standards and GEM listing rules[82] Future Plans and Investments - The company plans to continue expanding its IT team due to increased demand for IT support driven by the COVID-19 pandemic[76] - The remaining unutilized net proceeds as of June 30, 2024, is HKD 9.2 million for Singapore operations, expected to be fully utilized by December 31, 2024[75]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Omnibridge Holdings Limited 中安控股集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8462） 截至二零二四年六月三十日止六個月之 中期業績公佈 香港聯合交易所有限公司GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上 市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應 經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本中期業績公佈的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本中期業績公佈全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 本中期業績公佈載有根據聯交所G ...

Financial Performance - The company's revenue decreased from approximately SGD 94.9 million for the year ended December 31, 2022, to approximately SGD 61.5 million for the year ended December 31, 2023, representing a decline of about 35.2%[9]. - Gross profit fell from approximately SGD 8.0 million to approximately SGD 5.0 million, with a gross margin slightly decreasing from about 8.4% to approximately 8.1%[9]. - The company recorded a profit of approximately SGD 1.8 million for the year ended December 31, 2023, compared to a profit of approximately SGD 0.9 million for the previous year, primarily due to government subsidies received[9]. - Revenue from human resource outsourcing services decreased from approximately SGD 93.7 million to approximately SGD 60.9 million, a reduction of about 35%[15]. - Revenue from human resource recruitment services dropped from approximately SGD 1.2 million to approximately SGD 0.6 million, a decline of about 50%[16]. - Other income increased by approximately SGD 3.2 million or about 1,600% to approximately SGD 3.4 million for the year ended December 31, 2023, mainly due to government grants recognized, including SGD 2.5 million in employment growth incentives[21]. - Net profit for the year ended December 31, 2023, was approximately SGD 1.8 million, an increase of approximately SGD 0.9 million or about 100% compared to SGD 0.9 million in 2022, primarily due to recognized government grants[24]. - Total assets decreased to approximately SGD 28.3 million as of December 31, 2023, from SGD 29.1 million in 2022, while total equity increased to approximately SGD 20.2 million from SGD 18.4 million[25]. - Service costs decreased by approximately SGD 30.3 million or about 34.9% to approximately SGD 56.5 million for the year ended December 31, 2023, mainly due to reductions in labor costs and other related expenses[18]. Business Strategy and Challenges - The company aims to improve revenue while reducing costs amidst challenges posed by inflation and rising interest rates affecting Singapore businesses[12]. - The company is committed to reviewing its business strategies and investing heavily in talent reserves and internal processes[12]. - The decline in revenue is attributed to a significant decrease in demand for COVID-19 related human resource outsourcing services and reduced work orders from various government agencies and the private sector[15]. - The company acknowledges the challenging business environment as Singapore's economy moves towards normalcy post-COVID-19[12]. - The company expresses a clear path to achieve its set goals despite foreseen obstacles and is determined to overcome challenges for success[12]. - The group aims to strengthen its position in the Singapore human resources industry while expanding its business in the Hong Kong market[48]. Employee and Workforce Management - The total number of employees as of December 31, 2023, is 1,082, comprising 45 internal employees and 1,037 outsourced employees[73]. - The internal employee count decreased from 54 at the beginning of 2023 to 45 by the end of the year[85]. - Total employee costs, including director remuneration, were approximately SGD 60.8 million for the year ended December 31, 2023, down from SGD 91.6 million in 2022, reflecting a reduction in headcount and active cost management[33]. - The employee turnover rate for internal employees is 59.52% for females and 41.67% for males[86]. - The company emphasizes equal opportunity in hiring, with no discrimination based on gender, religion, age, or disability[71]. - The company provides statutory benefits to all eligible employees, including social insurance and medical insurance[71]. - The employee distribution by gender shows 631 males and 451 females in 2023[78]. - The company continues to focus on employee engagement and development as a key driver for business growth[69]. - The average training hours per employee for internal training in 2023 was 95.23 hours, a significant increase from 0.44 hours in 2022[99]. - The percentage of male employees receiving internal training increased to 30.77% in 2023 from 0.00% in 2022, while female employees decreased to 69.23% from 100.00%[97]. Environmental and Sustainability Initiatives - The total indirect carbon emissions for 2023 were 13.83 tons, a decrease of 13.6% compared to 16.00 tons in 2022[57]. - In Singapore, indirect carbon emissions decreased by 7.5% from 12.14 tons in 2022 to 11.23 tons in 2023, while in Hong Kong, emissions decreased by 32.6% from 3.86 tons to 2.60 tons[57]. - Total electricity consumption for 2023 was 30,764 kWh, a reduction of 6.1% from 32,765 kWh in 2022[63]. - The company aims to further reduce indirect carbon emissions by 1-2% in the coming year[57]. - The company has implemented energy-saving measures, including using energy-efficient appliances and encouraging employees to minimize electricity usage[64]. - The company continues to promote a paperless environment through digital communication and signing[65]. - The company has implemented various policies to reduce indirect carbon emissions, including minimizing paper usage and promoting electronic communication[67][68]. - The company reported zero internal employee injuries or accidents during the 2023 reporting period, with only 5 minor to moderate injuries among outsourced employees in Singapore[94]. Corporate Governance and Compliance - The company has adopted and complied with the corporate governance code as per GEM listing rules, with a commitment to enhancing shareholder value[112]. - The board of directors consists of five members, including two executive directors and three independent non-executive directors[120]. - The company has maintained compliance with the GEM listing rules regarding the minimum number of independent non-executive directors, having three throughout most of the year[122]. - The company has established a corporate governance policy that includes the appointment and re-election of directors, with a focus on compliance with legal and regulatory requirements[146]. - The company has established an internal control system to prevent corruption and fraud, with zero reported cases of bribery or corruption during the 2023 reporting period[108]. - The company has implemented a policy to protect personal data in accordance with privacy regulations, with no reported data breaches in 2023[108]. - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting to discuss specific matters[165]. - The company has adopted a shareholder communication policy to ensure equal and timely access to information for shareholders[171]. Future Outlook and Strategic Initiatives - The company is focusing on digital transformation strategies, investing H million in technology upgrades to improve operational efficiency[190]. - New product development initiatives are underway, with plans to launch C new products in the upcoming quarter, aimed at enhancing market competitiveness[190]. - The company is expanding its market presence, targeting D new regions for growth, which is expected to contribute an additional E% to overall revenue[190]. - Recent acquisitions have strengthened the company's portfolio, with the integration of F company expected to generate G million in additional revenue annually[190]. - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by K% by the year 2025[190].

Financial Performance - For the year ended December 31, 2023, the total revenue was SGD 61,528,000, a decrease of 35.2% compared to SGD 94,864,000 in 2022[6] - The gross profit for the same period was SGD 5,047,000, down 37.5% from SGD 8,067,000 in the previous year[6] - Operating profit increased to SGD 2,251,000, representing a 74.5% increase from SGD 1,290,000 in 2022[6] - The net profit for the year was SGD 1,843,000, which is a 97.1% increase compared to SGD 935,000 in the prior year[6] - Basic and diluted earnings per share rose to 0.31 Singapore cents, up from 0.16 Singapore cents in 2022, marking a 93.8% increase[6] - Total operating profit before tax increased from SGD 1.234 million in 2022 to SGD 2.229 million in 2023, reflecting a growth of approximately 80.7%[21] - The profit for the year ended December 31, 2023, was approximately SGD 1.8 million, an increase of about SGD 0.9 million or approximately 100% compared to SGD 0.9 million for the year ended December 31, 2022, primarily due to government grants received[51] Revenue Breakdown - Total revenue from client contracts for human resource outsourcing services decreased from SGD 93.639 million in 2022 to SGD 60.851 million in 2023, representing a decline of approximately 35%[16] - Revenue from a major client (Client A) decreased from SGD 40.670 million in 2022 to SGD 13.476 million in 2023, accounting for over 10% of total revenue in both years[16] - Revenue from human resource outsourcing services fell by about SGD 32.8 million or 35% to approximately SGD 60.9 million, primarily due to a reduction in contractor placements related to COVID-19[42] - Revenue from human resource recruitment services decreased by approximately SGD 0.6 million or 50% to about SGD 0.6 million, attributed to a cautious hiring environment in the Asian cities where the company operates[44] - Other human resource support services revenue increased by approximately SGD 43,000 or 91.5% to about SGD 90,000, mainly due to growth in payroll processing services[45] Expenses and Costs - Total employee costs decreased from SGD 91.602 million in 2022 to SGD 60.777 million in 2023, a reduction of about 33.6%[19] - The company's service costs decreased by approximately SGD 30.3 million or 34.9% to about SGD 56.5 million, aligning with the revenue decline[46] - Employee costs, administrative, and other operating expenses decreased by approximately SGD 0.5 million or 8.2% to about SGD 5.6 million, due to a reduction in workforce and active cost management[49] - The total employee cost for the year ended December 31, 2023, was approximately SGD 60.8 million, down from SGD 91.6 million in 2022, with a reduction in full-time employees from 54 to 45[59] Assets and Liabilities - Total assets as of December 31, 2023, were SGD 27,267,000, a slight decrease from SGD 28,522,000 in 2022[7] - Current assets net value increased to SGD 19,773,000 from SGD 17,811,000, reflecting a growth of 11%[7] - The company's equity total was SGD 20,219,000, up from SGD 18,358,000, indicating an increase of 10.1%[7] - Total assets decreased to approximately SGD 28.3 million as of December 31, 2023, from SGD 29.1 million in 2022, while total equity increased to approximately SGD 20.2 million from SGD 18.4 million[53] - Current assets decreased to approximately SGD 27.3 million as of December 31, 2023, from SGD 28.5 million in 2022, and current liabilities decreased to approximately SGD 7.5 million from SGD 10.7 million[53] Other Income and Tax - The company reported a significant increase in other income to SGD 3,437,000 from SGD 170,000, representing a growth of 1,925.9%[6] - Other income surged by approximately SGD 3.2 million or 1,600% to about SGD 3.4 million, primarily due to government grants including SGD 2.4 million for employment growth incentives[48] - The group reported a total tax expense of SGD 386,000 in 2023, compared to SGD 299,000 in 2022, an increase of approximately 29.1%[21] - The group has unutilized tax losses of approximately SGD 5.404 million as of the end of 2023, compared to SGD 4.845 million in 2022[24] Corporate Governance and Compliance - The company has not applied any new or revised international financial reporting standards that would have a significant impact on its financial statements[10] - The company confirms compliance with the GEM Listing Rules regarding related party transactions as of December 31, 2023[74] - The independent non-executive directors confirmed that the controlling shareholders have complied with their non-competition commitments under the non-competition agreement[83] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the year ending December 31, 2023, and found them to comply with applicable accounting standards and GEM listing rules[88] - The company has adopted a code of corporate governance and believes it has complied with the code throughout the year ending December 31, 2023, except for the separation of the roles of chairman and CEO[84] Future Plans and Investments - The company has no plans for major acquisitions or new product launches mentioned in the conference call[14] - As of December 31, 2023, the net amount of unutilized funds is approximately HKD 13.8 million, which has been used for expanding human resources outsourcing and recruitment services in Singapore[75] - The company plans to fully utilize the remaining funds for expanding human resources recruitment services in Hong Kong by December 31, 2024[75] - A total of HKD 4.5 million has been allocated to improve the company's IT systems and acquire computer hardware to support business operations[75] - The company anticipates that the remaining funds will be fully utilized for enhancing brand awareness by December 31, 2024[75] - The company is currently evaluating whether to further invest in upgrading its IT systems and may allocate more resources if necessary[75] Shareholder Information - The company holds 288 million shares, representing 48.00% of the issued share capital, through Omnipartners Holdings Limited, which is owned by Mr. Zhou Zhijian and Ms. Xiong Yuhan[76] - The board did not recommend the payment of a final dividend for the fiscal years ending December 31, 2023, and 2022[37] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the year ending December 31, 2023[87] - The annual report for the year ending December 31, 2023, will be sent to shareholders and made available on the stock exchange and the company's website[89]

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of SGD 15,118,000, a decrease of 32.8% compared to SGD 22,467,000 in the same period of 2022[4] - The gross profit for the nine months ended September 30, 2023, was SGD 3,852,000, down 42.3% from SGD 6,640,000 in the same period of 2022[4] - The company recorded a net profit of SGD 1,729,000 for the nine months ended September 30, 2023, representing a 23.7% increase from SGD 1,397,000 in the same period of 2022[5] - Operating loss for the three months ended September 30, 2023, was SGD 123,000, compared to an operating profit of SGD 114,000 in the same period of 2022[4] - The total comprehensive income for the nine months ended September 30, 2023, was SGD 1,727,000, compared to SGD 1,413,000 in the same period of 2022, indicating a growth of 22.2%[5] - The basic and diluted earnings per share for the nine months ended September 30, 2023, was SGD 0.29, compared to SGD 0.23 in the same period of 2022, reflecting a growth of 26.1%[5] - The company reported other income of SGD 2,628,000 for the nine months ended September 30, 2023, significantly up from SGD 166,000 in the same period of 2022[4] - Total income tax expense for the nine months ended September 30, 2023, was SGD 273,000, down from SGD 369,000 in the same period of 2022, representing a decrease of about 26.0%[6] - The company experienced a loss attributable to owners of the company of SGD 120,000 for the three months ended September 30, 2023, compared to a profit of SGD 48,000 in the same period of 2022[28] Revenue Breakdown - For the nine months ended September 30, 2023, total revenue from human resource outsourcing services was SGD 46,168,000, a decrease of 38.8% compared to SGD 75,547,000 for the same period in 2022[20] - Revenue from human resource recruitment services for the nine months ended September 30, 2023, was SGD 418,000, down 52.1% from SGD 870,000 in the same period of 2022[20] - The group reported a total revenue of SGD 46,664,000 for the nine months ended September 30, 2023, compared to SGD 76,455,000 for the same period in 2022, reflecting a decline of 38.9%[20] - The group’s pre-tax profit for the nine months ended September 30, 2023, was SGD 2,628,000, significantly higher than SGD 166,000 for the same period in 2022[22] - The group received government grants totaling SGD 2,490,000 for the nine months ended September 30, 2023, compared to SGD 41,000 in the same period of 2022[22] Employee Costs - The company’s employee costs for the nine months ended September 30, 2023, were SGD 2,971,000, a decrease of 13.9% from SGD 3,449,000 in the same period of 2022[4] - The group’s total employee costs for the nine months ended September 30, 2023, amounted to SGD 45,783,000, down 37.5% from SGD 73,264,000 in the same period of 2022[23] - The total remuneration for key management personnel for the nine months ended September 30, 2023, was SGD 421,000, down from SGD 618,000 in the same period of 2022, indicating a decrease of approximately 31.8%[34] - Employee costs, administrative expenses, and other operating expenses decreased by approximately SGD 478,000 or 13.9% to about SGD 3.0 million, attributed to a reduction in the number of employees from 62 to 48[43] Assets and Liabilities - The company’s total assets increased to SGD 20,085,000 as of September 30, 2023, up from SGD 17,390,000 as of January 1, 2022[7] - The group had cash and bank balances of approximately SGD 13.5 million as of September 30, 2023, compared to SGD 13.2 million as of December 31, 2022[50] - The current ratio as of September 30, 2023, was approximately 3.1 times, up from 2.7 times as of December 31, 2022[50] - As of September 30, 2023, the group has pledged fixed deposits of approximately SGD 750,000, an increase from SGD 687,000 as of December 31, 2022[62] Strategic Plans and Market Position - The company aims to expand its business into the non-public sector to capture new market opportunities amid declining demand for outsourcing services in the public sector[37] - The company plans to invest significantly in talent acquisition, internal business processes, and technology to improve revenue while managing costs[37] - The group is currently evaluating the impact of new and revised International Financial Reporting Standards, with no significant impact expected on the interim financial statements upon first application[15] - The company is considering potential acquisitions to bolster its product offerings and expand its customer base, with a focus on I sectors[97] - The company emphasized its commitment to sustainability, with plans to implement eco-friendly practices across its operations by K year[97] Compliance and Governance - The company’s audit committee has reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2023, confirming compliance with applicable accounting standards and GEM listing rules[93] - The company’s board of directors has not purchased, sold, or redeemed any of its listed securities during the nine months ended September 30, 2023[87] - The company confirms compliance with GEM listing rules regarding related party transactions, with no other significant transactions reported for the nine months ending September 30, 2023[68] Future Outlook - The company provided guidance for Q4 2023, projecting revenue between $B million and $C million, which reflects a growth rate of D%[97] - New product launches are expected to contribute an additional $E million in revenue, with anticipated market expansion into F regions[97] - The company is investing in R&D for new technologies, allocating $G million towards innovation initiatives in the upcoming fiscal year[97] - Market expansion efforts include strategic partnerships with H companies, aiming to enhance distribution channels and increase market share[97] - Operational efficiency improvements have led to a reduction in costs by J%, enhancing overall profitability margins[97]

Omnibridge Holdings Limited 中 安 控 股 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8462） 截至二零二三年九月三十日止九個月之 第三季度業績公佈 香港聯合交易所有限公司 的特色 GEM GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上 市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應 經過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公佈的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因依賴該等 內容而引致的任何損失承擔任何責任。 本公佈載有根據聯交所GEM證券上市規則（「GEM上市規則」）而提供有關中安控股集團 有限公司（「本公司」，連同其附屬公司，統稱「本集團」）的資料，各董事（「董事」）願就 本公佈共同及個別承擔全部責任。董事經作出一切合理查詢後確認， ...

Revenue and Profitability - Revenue for the three months ended June 30, 2023, was SGD 14,961,000, a decrease of 44.5% compared to SGD 27,008,000 for the same period in 2022[4] - Gross profit for the six months ended June 30, 2023, was SGD 2,555,000, down 47.1% from SGD 4,834,000 in the same period last year[4] - Operating profit for the six months ended June 30, 2023, increased to SGD 2,136,000, up 26.5% from SGD 1,687,000 in 2022[4] - Net profit for the six months ended June 30, 2023, was SGD 1,849,000, representing a 37.0% increase from SGD 1,349,000 in the previous year[5] - The group reported a pre-tax profit of SGD 1,849,000 for the six months ended June 30, 2023, compared to SGD 1,349,000 for the same period in 2022, reflecting an increase of 37.0%[34] - Profit for the six months ended June 30, 2023, was approximately SGD 1.849 million, an increase of approximately SGD 500,000 or 37.1% compared to SGD 1.349 million for the same period in 2022[60] Assets and Liabilities - Total assets as of June 30, 2023, were SGD 27,362,000, a decrease from SGD 28,522,000 as of December 31, 2022[7] - Current liabilities decreased to SGD 7,400,000 from SGD 10,711,000 as of December 31, 2022, indicating improved liquidity[7] - The company's equity increased to SGD 20,194,000 as of June 30, 2023, compared to SGD 18,358,000 at the end of 2022[9] - Trade receivables as of June 30, 2023, amounted to SGD 9,669,000, a decrease of 18.2% from SGD 11,815,000 as of December 31, 2022[38] - Other payables decreased significantly to SGD 553,000 as of June 30, 2023, from SGD 2,432,000 as of December 31, 2022, indicating a reduction of 77.3%[42] Cash Flow and Investments - For the six months ended June 30, 2023, the operating cash flow before changes in working capital was SGD 2,500,000, an increase of 20.8% compared to SGD 2,070,000 for the same period in 2022[12] - The net cash generated from operating activities for the six months ended June 30, 2023, was SGD 1,548,000, a decrease of 36.2% from SGD 2,426,000 in the previous year[12] - The net cash used in investing activities was SGD 1,099,000 for the six months ended June 30, 2023, compared to SGD 29,000 in the same period of 2022[13] - The total cash and cash equivalents at the end of June 30, 2023, amounted to SGD 13,346,000, up from SGD 12,604,000 at the end of June 30, 2022[13] - The group had a cash and bank balance of approximately SGD 13.3 million as of June 30, 2023, compared to SGD 13.2 million as of December 31, 2022[64] Employee Costs and Management - The total employee costs for the six months ended June 30, 2023, amounted to SGD 30,937,000, a decrease from SGD 51,461,000 in the same period of 2022, showing a reduction of 40.0%[29] - The total remuneration for key management personnel for the six months ended June 30, 2023, was SGD 274,000, down 39.6% from SGD 454,000 in the same period of 2022[48] - The number of full-time employees decreased from 64 as of June 30, 2022, to 50 as of June 30, 2023[66] Government Grants and Other Income - The group received government grants totaling SGD 2,490,000 for the six months ended June 30, 2023, compared to SGD 28,000 in the same period of 2022, indicating a significant increase[28] - Other income for the six months ended June 30, 2023, significantly increased to SGD 2,581,000 from SGD 74,000 in the previous year[4] - The company reported a total of SGD 74,000 in other income for the six months ended June 30, 2023, compared to SGD 74,000 in the same period of 2022, remaining stable[28] Dividends and Shareholder Information - The company did not declare any interim dividend for the six months ended June 30, 2023, consistent with the same period in 2022[33] - The group’s major shareholders include Omnipartners Holdings Limited, which holds 288,000,000 shares, representing 48.00% of the issued share capital[89] Future Outlook and Strategic Plans - The company provided an optimistic outlook for the second half of 2023, projecting a revenue growth of 20% compared to the first half[111] - New product launches are expected to contribute an additional HKD 100 million in revenue, with a focus on enhancing user experience and expanding market reach[111] - The company is investing in new technology development, allocating HKD 50 million towards R&D initiatives aimed at improving operational efficiency[111] - Market expansion plans include entering two new regions by Q4 2023, which are anticipated to increase market share by 10%[111] - The company is considering strategic acquisitions to bolster its product offerings, with a budget of up to HKD 200 million for potential targets[111] Compliance and Governance - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[107] - The group confirms compliance with applicable disclosure requirements under GEM Listing Rules regarding related party transactions[82]